CIK 1597200
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 70.67% | 32 |
| Specialty Retail | 7.49% | 7 |
| Software & IT Services | 5.05% | 1 |
| Capital Markets | 4.84% | 5 |
| Technology Hardware & Equipment | 2.99% | 1 |
| Construction Materials | 1.35% | 1 |
| Software | 1.00% | 1 |
| Insurance | 0.84% | 1 |
| Oil, Gas & Consumable Fuels | 0.76% | 1 |
| Hotels, Restaurants & Leisure | 0.60% | 1 |
| Metals & Mining | 0.59% | 2 |
| Machinery | 0.54% | 1 |
| Banks | 0.50% | 1 |
| Road & Rail | 0.43% | 2 |
| Semiconductors & Semiconductor Equipment | 0.42% | 1 |
| Chemicals | 0.35% | 2 |
| Commercial Services & Supplies | 0.33% | 1 |
| Coal & Consumable Fuels | 0.32% | 1 |
| Media & Entertainment | 0.31% | 1 |
| Marine | 0.26% | 1 |
| Utilities | 0.19% | 1 |
| Pharmaceuticals & Biotechnology | 0.17% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BRK.B | BERKSHIRE HATHAWAY INC | Financials | 8.88% |
| 2 | BILS | SPDR SERIES TRUST | Unclassified | 8.27% |
| 3 | VCSH | VANGUARD SCOTTSDALE FDS | Unclassified | 7.97% |
| 4 | SGOV | ISHARES TR | Unclassified | 5.27% |
| 5 | EMXC | ISHARES INC | Unclassified | 5.21% |
| 6 | GOOG | Alphabet Inc. | Communication Services | 5.05% |
| 7 | SPYG | SPDR SERIES TRUST STATE STREET SPD | Unclassified | 4.97% |
| 8 | SPDW | SPDR INDEX SHS FDS | Unclassified | 4.39% |
| 9 | VIG | VANGUARD SPECIALIZED FUNDS | Unclassified | 4.00% |
| 10 | SPYV | SPDR SERIES TRUST | Unclassified | 3.26% |
35/66 names classified · sector 38.2% of weight · industry 29.3% · mkt cap 37.0%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 38.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 27% of book weight classified — the grid is NOT representative of the whole book.
Classified: 26.8% of book weight (26/66 names) · unclassified 73.2%: BRK.B, BILS, VCSH, SGOV, EMXC, SPYG, SPDW, VIG, SPYV, GRID +30 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | BRK.BBERKSHIRE HATHAWAY INC DEL | 57,101 | $27M | 8.9% | TRIM −2% |
| 2 | BILSSPDR SERIES TRUST | 256,061 | $25M | 8.3% | TRIM −45% |
| 3 | VCSHVANGUARD SCOTTSDALE FDS | 309,836 | $25M | 8.0% | NEW |
| 4 | SGOVISHARES TR | 161,243 | $16M | 5.3% | TRIM −36% |
| 5 | EMXCISHARES INC | 204,164 | $16M | 5.2% | ADD 29% |
| 6 | GOOGALPHABET INC | 54,236 | $16M | 5.1% | TRIM −10% |
| 7 | SPYGSPDR SERIES TRUST STATE STREET SPD | 156,240 | $15M | 5.0% | HOLD |
| 8 | SPDWSPDR INDEX SHS FDS | 295,863 | $14M | 4.4% | ADD 35% |
| 9 | VIGVANGUARD SPECIALIZED FUNDS | 57,236 | $12M | 4.0% | TRIM −2% |
| 10 | SPYVSPDR SERIES TRUST | 177,439 | $10M | 3.3% | TRIM −6% |
| 11 | TPLTEXAS PACIFIC LAND CORPORATI | 20,605 | $10M | 3.2% | HOLD |
| 12 | AAPLAPPLE INC | 36,337 | $9M | 3.0% | TRIM −3% |
| 13 | GRIDFIRST TR EXCHANGE TRADED FD | 49,962 | $8M | 2.7% | HOLD |
| 14 | INFLLISTED FDS TR | 149,401 | $8M | 2.5% | ADD 186% |
| 15 | BRK.ABERKSHIRE HATHAWAY INC DEL | 10 | $7M | 2.3% | HOLD |
| 16 | COSTCOSTCO WHSL CORP NEW | 7,127 | $7M | 2.3% | HOLD |
| 17 | SPMDSPDR SERIES TRUST | 106,001 | $6M | 2.0% | TRIM −4% |
| 18 | AIRRFirst Trust RBA Amern Indl Renaissance ETF | 54,986 | $6M | 2.0% | ADD 16% |
| 19 | ANAUTONATION INC | 25,420 | $5M | 1.6% | HOLD |
| 20 | LOWLOWES COS INC | 19,718 | $5M | 1.5% | TRIM −2% |
| 21 | KNFKNIFE RIVER CORP | 50,790 | $4M | 1.3% | HOLD |
| 22 | BILSPDR SERIES TRUST | 36,071 | $3M | 1.1% | HOLD |
| 23 | SPSMSPDR SERIES TRUST | 66,906 | $3M | 1.0% | TRIM −2% |
| 24 | MSFTMICROSOFT CORP | 8,336 | $3M | 1.0% | TRIM −22% |
| 25 | ICEINTERCONTINENTAL EXCHANGE IN | 17,291 | $3M | 0.9% | HOLD |
| 26 | WTMWHITE MTNS INS GROUP LTD | 1,172 | $3M | 0.8% | HOLD |
| 27 | WBIWATERBRIDGE INFRASTRUCTURE L | 87,500 | $2M | 0.8% | ADD 32% |
| 28 | JMSTJ P MORGAN EXCHANGE TRADED F | 43,937 | $2M | 0.7% | ADD 25% |
| 29 | BLDRBUILDERS FIRSTSOURCE INC | 26,865 | $2M | 0.7% | ADD 38% |
| 30 | GLDMWORLD GOLD TR | 22,252 | $2M | 0.7% | ADD 4% |
| 31 | VUGVANGUARD INDEX FDS | 4,608 | $2M | 0.7% | TRIM −4% |
| 32 | VEAVANGUARD TAX-MANAGED FDS | 30,267 | $2M | 0.6% | ADD 36% |
| 33 | CASYCASEYS GEN STORES INC | 2,600 | $2M | 0.6% | HOLD |
| 34 | SBUXSTARBUCKS CORP | 20,700 | $2M | 0.6% | NEW |
| 35 | BWXTBWX TECHNOLOGIES INC | 8,135 | $2M | 0.5% | HOLD |
| 36 | AXPAMERICAN EXPRESS CO | 5,040 | $2M | 0.5% | HOLD |
| 37 | WMTWALMART INC | 12,219 | $2M | 0.5% | HOLD |
| 38 | WPMWHEATON PRECIOUS METALS CORP | 11,550 | $2M | 0.5% | HOLD |
| 39 | NVDANVIDIA CORPORATION | 7,402 | $1M | 0.4% | TRIM −18% |
| 40 | VTVVANGUARD INDEX FDS | 6,441 | $1M | 0.4% | HOLD |
| 41 | LBLANDBRIDGE COMPANY LLC | 15,893 | $1M | 0.4% | HOLD |
| 42 | MSBMESABI TR | 33,963 | $1M | 0.3% | HOLD |
| 43 | UNPUNION PAC CORP | 4,381 | $1M | 0.3% | HOLD |
| 44 | URIUNITED RENTALS INC | 1,403 | $1M | 0.3% | HOLD |
| 45 | NRPNATURAL RESOURCE PARTNERS L | 8,075 | $977,075 | 0.3% | ADD 4% |
| 46 | FWONALIBERTY MEDIA CORP DEL | 12,158 | $949,297 | 0.3% | HOLD |
| 47 | VBVANGUARD INDEX FDS | 3,345 | $876,096 | 0.3% | HOLD |
| 48 | VOVANGUARD INDEX FDS | 3,041 | $873,291 | 0.3% | ADD 3% |
| 49 | ESGVVanguard ESG US Stock - ETF | 7,347 | $824,830 | 0.3% | TRIM −12% |
| 50 | TDWTIDEWATER INC NEW | 9,500 | $793,725 | 0.3% | TRIM −24% |
| 51 | FNDFLOOR & DECOR HLDGS INC | 14,200 | $721,360 | 0.2% | HOLD |
| 52 | XSORXSOURCE CAPITAL | 13,453 | $623,142 | 0.2% | HOLD |
| 53 | HEHAWAIIAN ELEC INDS INC MTN B | 40,000 | $593,600 | 0.2% | HOLD |
| 54 | NKENIKE INC | 10,302 | $544,152 | 0.2% | HOLD |
| 55 | LXULSB INDS INC | 36,500 | $543,850 | 0.2% | TRIM −5% |
| 56 | JNJJOHNSON & JOHNSON | 2,150 | $525,546 | 0.2% | TRIM −3% |
| 57 | ESGDISHARES TR | 4,412 | $421,902 | 0.1% | ADD 17% |
| 58 | PHYSSprott Physical Gold Trust | 8,700 | $308,328 | 0.1% | HOLD |
| 59 | RCGRENN FD INC | 93,099 | $305,366 | 0.1% | ADD 8% |
| 60 | OROR ROYALTIES INC. | 8,000 | $304,160 | 0.1% | NEW |
| 61 | CNICANADIAN NATL RY CO | 2,684 | $275,835 | 0.1% | HOLD |
| 62 | ESGUISHARES TR | 1,900 | $268,659 | 0.1% | TRIM −3% |
| 63 | SPYSTATE STR SPDR S&P 500 ETF T | 389 | $253,234 | 0.1% | HOLD |
| 64 | IWDISHARES TR | 1,155 | $246,751 | 0.1% | TRIM −6% |
| 65 | IWFISHARES TR | 573 | $244,268 | 0.1% | HOLD |
| 66 | TFPMTRIPLE FLAG PRECIOUS METAL | 7,000 | $242,970 | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BRK.BBERKSHIRE HATHAWAY INC DEL | 66K | 62K | 62K | 62K | 58K | 57K | $27M |
| BILSSPDR SERIES TRUST | 367K | 376K | 377K | 433K | 461K | 256K | $25M |
| VCSHVANGUARD SCOTTSDALE FDS | — | — | — | — | — | 310K | $25M |
| SGOVISHARES TR | 259K | 287K | 278K | 250K | 250K | 161K | $16M |
| EMXCISHARES INC | 130K | 134K | 139K | 149K | 158K | 204K | $16M |
| GOOGALPHABET INC | 68K | 65K | 64K | 63K | 60K | 54K | $16M |
| SPYGSPDR SERIES TRUST STATE STREET SPD | 151K | 154K | 152K | 161K | 155K | 156K | $15M |
| SPDWSPDR INDEX SHS FDS | 172K | 176K | 186K | 203K | 219K | 296K | $14M |
| VIGVANGUARD SPECIALIZED FUNDS | 50K | 54K | 55K | 58K | 58K | 57K | $12M |
| SPYVSPDR SERIES TRUST | 171K | 173K | 181K | 185K | 189K | 177K | $10M |
| TPLTEXAS PACIFIC LAND CORPORATI | 14K | 14K | 14K | 7K | 21K | 21K | $10M |
| AAPLAPPLE INC | 43K | 39K | 38K | 36K | 38K | 36K | $9M |
| GRIDFIRST TR EXCHANGE TRADED FD | 24K | 26K | 26K | 49K | 49K | 50K | $8M |
| INFLLISTED FDS TR | 48K | 48K | 48K | 48K | 52K | 149K | $8M |
| BRK/ABERKSHIRE HATHAWAY INC DEL | 13 | 12 | 12 | 12 | 10 | 10 | $7M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
